We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
IHG matched their best price ever on purchasing points ( $0.005 or 1/2 of one penny) for a limited time – The Flash Sale ends on September 9th!
You need to buy at least 15k points to receive a bonus, and then you’re off and running. One thing to note: IHG has increased the maximum you can buy with this promo to 250k with a 250k bonus. That’s a total of 500k IHG points for $2500.
Buy IHG points is currently offering a 100% Bonus
- Must buy 15k+
- Max is 250k
- Price is $0.005
- Until September 9th, 2021
Should I buy IHG points?
I think buying points is an excellent way to either shore up your balance, or buy a trip at a cheaper price than you’d pay to stay at a hotel with cash. HOWEVER – don’t do this speculatively. Always have an immediate, or at least near term, use for the points. I wouldn’t advise buying them for some trip down the road that you aren’t looking to book soon.
I just stayed at the Kimpton Sylvan – it was running $250 a night, but with points varied between 26k and 40k. That means I could have purchased points and stayed for between $130 and $200. Even less with and IHG Rewards Premier.
Is this the best price?
Yes, if you buy during the promo period with a 100% bonus, you’ll net out at 1/2 of one penny per point. This is the cheapest we’ve seen IHG offer points, but remember, you can always buy points using the Cash + Points trick for 6/10 of one penny.
If you don’t have enough points in your account for a booking, or you don’t wish to use all of your points at that property, IHG will allow you to book that hotel with Cash + Points – the price is usually around $0.006 per point – roughly 20% higher than this deal.
IHG points are dynamic – important
One of the reasons I want to stress that you have a redemption in mind to take advantage of in the immediate future is because IHG award rates fluctuate day to day based on demand and rack rate pricing. For instance, I reported on the Intercontinental Rome pricing at 40k over Valentines Day 2022 a few weeks back…it’s now roughly 80k for the same dates. Don’t buy on speculation.
What’s the max I can purchase
Usually IHG has a 100k max on the amount of points you can purchase in a year, but currently that has been raised to 250k. At the current 100% bonus…you’d buy 500,000 points for $2,500, or 0.005 per point.
Sure…the examples I’ll show are merely to illustrate the strategy, and the rates could fluctuate, but the strategy will stay the same. Let’s look at the Six Senses properties around the world
Currently these Six Senses are redeemable with IHG Rewards
- Six Senses Botanique (Brazil)
- Six Senses Fiji (Fiji)
- Six Senses Ibiza – coming later this year
- Six Senses Kaplankaya, Turkey
- Six Senses Laamu (Maldives)
- Six Senses Ninh Van Bay (Vietnam)
- Six Senses Uluwatu Bali (Indonesia)
- Six Senses Yao Noi (Thailand)
- Six Senses Zil Pasyon, Seychelles
Let’s look at the Six Senses Maldives where I’m staying until September 4th
The Six Senses was acquired by IHG a couple of years ago, and geeks like me have been anxiously awaiting an opportunity to take use points to stay at these aspirational properties. I’m actually here right now celebrating my honeymoon and it’s wonderfully beyond anything I could have expected. I used points to book 5 nights for 400k points ( I got a 4th night free from the Chase IHG Rewards Premier )
Let’s search for a 4 night stay – it prices at almost $1200 a night.
However…It also prices at 100k per night. Buying points for 1/2 of one penny would mean you could buy nights here for $500 a night. That’s well over 50% off – not cheap, but if you’re looking to have a special getaway…this may very well fall into budget. Don’t forget that food in the Maldives is super high and there is always an expensive transfer fee.
One of the benefits I value most with the IHG Rewards Premier credit card is the 4th night free when booking with points. That would drop a 4 night stay here down from 400k points to 300k, or $1500. That’s $425 a night, almost 1/3 the price of the rack rate.
One of my TikToks highlights this technique at this very property
@zacharyburrabel5 star Maldives for less ##travel ##travelhacks ##maldives ##sixsenses♬ Sexual Healing – Kygo Remix – Marvin Gaye
More Stacking with the IHG Rewards Premier
The IHG Rewards Premier comes with an annual anniversary award night. You can use this to stay at properties up to 40k in value. Having a stand alone night can often mean you have to pay for a night to accompany it since many of us won’t just do somewhere for a single night. Buying points can help offset cost and make better use of your night since you’re more apt to plan a longer stay if you can offset cost.
Here’s a look at the Kimpton Everly in Hollywood, California.
You can see that the rate for this coming weekend is $700 for two nights, or $350 a night.
However, if you were to use points, it’s 37k a night. You could buy enough points for a single night, $189, and redeem a free anniversary night for the other. This could change how you approach a weekend away – maybe $350 for the additional night was out of budget, but $189 fits within it.
This is a very solid offer if you have reason to buy points and redeem. Crunch the numbers, do your own research, and make the right decision. If you decide to move forward we appreciate you using our links!
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else (beginning 8/16/21)
♥3x on dining, including eligible delivery services, takeout and dining out (previously 2x – beginning 8/16/21)
♥3x on select streaming (beginning 8/16/21)
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs -(beginning 8/16/21)
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary (beginning 8/16/21)
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points. (beginning 8/16/21)